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Jul 26, 2011
07/11
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that won't help solve the deficit problems. in the next few days we need the republicans in the house to understand, they will get a lot of what they want. a lot of spending cuts. washington is committed to reducing the deficit. we can't have a my way or the highway approach. if we'll just be reasonable, and that's how most things our country have gotten done. we can make a big down payment on the deficit and have the discussion the country needs to have over the next five or six months about balancing our budget and reducing our deficit. as the president said tonight mark the balanced way. not asking everything of college students or middle class families or senior citizens but also asking something of the wealthiest. >> you watched the speech. what did he make of his golfing partner's comments? >> we were walking out of the room. so we did not get to watch speaker boehner's speech. i read the transcript. the point is this. and the president said. speaker boehner and he had a great discussion. as wolf blitzer said before i cam
that won't help solve the deficit problems. in the next few days we need the republicans in the house to understand, they will get a lot of what they want. a lot of spending cuts. washington is committed to reducing the deficit. we can't have a my way or the highway approach. if we'll just be reasonable, and that's how most things our country have gotten done. we can make a big down payment on the deficit and have the discussion the country needs to have over the next five or six months about...
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Jul 26, 2011
07/11
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these emergency steps also added to the deficit. every family knows a little credit card debt is manageable. but if we stay on the current path, our growing debt could cost us jobs and do serious damage to the my. more of our tax dollars will go toward paying off the interest on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the home own we are a mortgage. student with a college loan. the corner store that wants to expand. and we won't have enough money to make job creating investments and things like education and infrastructure or pay for vital programs like medicare and medicaid. because neither party is blameless for the decisions that led to this problem, both parties have a responsibility to solve it. over the last several months, that's who we've been trying to do. i won't bore you with the details of every plan or proposal but the debate has basically centered around two different approaches. the
these emergency steps also added to the deficit. every family knows a little credit card debt is manageable. but if we stay on the current path, our growing debt could cost us jobs and do serious damage to the my. more of our tax dollars will go toward paying off the interest on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the home own we are a mortgage. student...
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Jan 2, 2013
01/13
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the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or time for that kind of large agreement in a lame duck session of congress. and that failure comes with a cost, as the messy nature of the process over the past several weeks has made business more uncertain and consumers less confident. but we are continuing to chip away at this problem step by step. last year i signed into law $1.7 trillion in deficit reduction. tonight's agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in america and there will be more deficit reduction as congress de
the fact is the deficit is still too high. and we're still investing too little in the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path that paying down its debt while also putting americans back to work, rebuilding our roads and bridges and providing investments in areas like education and job training. unfortunately there just wasn't enough support or...
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Aug 1, 2011
08/11
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in total the plan calls for more than $2.4 trillion in deficit reduction. don, this is a process that's only beginning. it's complicated but it is essential in order to get a deal done. >> wolf, you know the reason we're here tonight and the president came out tonight to talk about this, and wanted a deal tonight, because they were concerned about the overseas markets especially the asian markets which opened tonight. we want to find out how the asian markets are reacting right now. hang seng hopes right about now. cnn's stan grant is in beijing monitoring the shanghai composite index. >> the hang seng is up by 1.65%. we also got a really good lead-in from tokyo, seoul and sydney which are all up by 1.5%. australia up by 2%. now those three indices opened about an hour and a half ago so they gave hong kong a very good lead-in. hong kong is asia's financial hub where many of china's biggest companies an banks list on this stock exchange. also the hong kong dollar is pegged to the u.s. dollar so a lot of people interested in seeing how the u.s. dollar. right
in total the plan calls for more than $2.4 trillion in deficit reduction. don, this is a process that's only beginning. it's complicated but it is essential in order to get a deal done. >> wolf, you know the reason we're here tonight and the president came out tonight to talk about this, and wanted a deal tonight, because they were concerned about the overseas markets especially the asian markets which opened tonight. we want to find out how the asian markets are reacting right now. hang...
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Jul 16, 2011
07/11
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you don't -- a family doesn't run up a deficit, whereas we know a certain deficit is good for a government. this silly kinard about we have to be super kind to the rich because they're the job creators, which is bs also. and that sometimes you have to, even when you have a debt, spend more money, to get the economy going again. >> i agree that on one level the criticism that seems most accurate to me is he can be d diffy dent in decision making and hasn't helped america with the economic strife and when you think that, he came out with the stunning strike that came out wrong. >> that's low hanging fruit. doesn't cost anything. everyone wanted to see it done. >> if it had gone wrong and americans gotten killed, it would have cost him the election. >> he has a pair on him, obama. >> audacious. >> the editorial that got the most reaction when i said, it would be a shame if four years of democratic rule came to an end in 2012 without trying democratic policies. that's the problem all progressives have. a democrat gets in and we don't attempt democratic policies. >> what does that mean? crystal
you don't -- a family doesn't run up a deficit, whereas we know a certain deficit is good for a government. this silly kinard about we have to be super kind to the rich because they're the job creators, which is bs also. and that sometimes you have to, even when you have a debt, spend more money, to get the economy going again. >> i agree that on one level the criticism that seems most accurate to me is he can be d diffy dent in decision making and hasn't helped america with the economic...
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Aug 14, 2012
08/12
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the only thing that went up, piers, were the deficits. now they're saying, well, in order to deal with the deficits, we're going to bring another round of tax cuts to the wealthy. that's going to hit everybody harder if you're going to deal with those over the long term. >> but you wouldn't presumably quibble with his basic premise. that the priority ought to be trying to get this ridiculously large deficit down. america's economic future could depend on that. presumably, you would agree with him that should be priority. it's just how we get there, right? the. >> priority number one needs to be getting americans back to work. getting the economy moving again. in fact, if we do that, that's the fastest way to begin to reduce the deficit. there's no doubt we have to deal with the long-term deficit. we should act right now to do it. the real question is how we do it. and i think mitt romney and paul ryan are going to have to explain to the american people how you reduce the deficit by asking nothing more for the folks at the very top. >> con
the only thing that went up, piers, were the deficits. now they're saying, well, in order to deal with the deficits, we're going to bring another round of tax cuts to the wealthy. that's going to hit everybody harder if you're going to deal with those over the long term. >> but you wouldn't presumably quibble with his basic premise. that the priority ought to be trying to get this ridiculously large deficit down. america's economic future could depend on that. presumably, you would agree...
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Jul 29, 2011
07/11
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>> we are stuck right now because we are talking about a financial deficit. a budget deficit. washington is stuck because we have a trust deficit. the president doesn't trust the republican speaker of the house and his group, but the new members don't trust their leadership. the tea party members don't trust where speaker boehner wants to go. we were mentioning the letters from the bankers. senior republicans like john mccain are saying new guys, you have to cut a deal. the new members are saying these are the guys that got us into this mess over the past 20, 30 years. to their credit, they are not afraid to keep their campaign promises and to lose their jobs. speaker boehner is trying to rescue their votes. all the incredibly powerful people don't have as much power as they thought. the president of the united states can't move the debate now. the speaker of the house has new members saying you are our speaker, but we are going to call some of the shots around here. >> john, we have been through the deadline thing many times. it always gets resolved. america has never gone in
>> we are stuck right now because we are talking about a financial deficit. a budget deficit. washington is stuck because we have a trust deficit. the president doesn't trust the republican speaker of the house and his group, but the new members don't trust their leadership. the tea party members don't trust where speaker boehner wants to go. we were mentioning the letters from the bankers. senior republicans like john mccain are saying new guys, you have to cut a deal. the new members...
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Sep 7, 2012
09/12
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or pay down our deficit. i don't believe firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small business woman expand or the laid off construction worker keep his home. we have been there. we've tried that. we're not going back. we are moving forward, america. [ applause ] now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell you what you wanted to hear. you elected me to tell you the truth. and the truth is, it will take more than a few years for us to solve challenges that have built up over decades. it will require common effort and shared responsibility and the kind of bold, persistent ex-per tentation -- experimentation that franklin roosevelt pursued during a crisis such as this one. and those of us who carry on his legacy should remember that not every
or pay down our deficit. i don't believe firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small business woman expand or the laid off construction worker keep his home. we have been there. we've tried that. we're not going back. we are moving forward, america. [ applause ] now, i won't...
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Jan 25, 2012
01/12
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that's how we'll reduce our deficit. that's an america built to last. [ applause ] now, i recognize the people watching tonight have differing views about taxes and debt, energy and health care. but no matter what party they belong to, i bet most americans are thinking the same thing right about now. nothing will get done in washington this year. or next year, or maybe even the year after that. because washington is broken. can you blame them for feeling a little cynical? the greatest blow to our confidence in our economy last year didn't come from events beyond our control. it came from a debate in washington over whether th
that's how we'll reduce our deficit. that's an america built to last. [ applause ] now, i recognize the people watching tonight have differing views about taxes and debt, energy and health care. but no matter what party they belong to, i bet most americans are thinking the same thing right about now. nothing will get done in washington this year. or next year, or maybe even the year after that. because washington is broken. can you blame them for feeling a little cynical? the greatest blow to...
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Aug 16, 2012
08/12
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he said he was going to cut the deficit in his first term. i've seen zero interest in reducing spending. he inherited a bad situation, but he made it worse. i think he's a great person. i don't feel he is the right leader for our country, though. i still believe in hope and change, i just don't think obama's the way to go for that. the president has not earned re -election, in 2012, in my book. i've seen his now definition of hope and change. it's not the hope and change i want, and it's not the hope and change i thought i was going to get. i don't feel that i helped my grandchildren by voting for president obama and i regret that. americans for prosperity is responsible for the content of this advertising. hethey don't need one,gh wes, clay and demarcus tried on the new depend real fit briefs for charity to prove how great the fit is even while playing pro football. the best protection now looks, fits and feels just like underwear. get a free sample and try one on for yourself. ♪ (train horn) vo: wherever our trains go, the economy comes t
he said he was going to cut the deficit in his first term. i've seen zero interest in reducing spending. he inherited a bad situation, but he made it worse. i think he's a great person. i don't feel he is the right leader for our country, though. i still believe in hope and change, i just don't think obama's the way to go for that. the president has not earned re -election, in 2012, in my book. i've seen his now definition of hope and change. it's not the hope and change i want, and it's not...
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Jul 14, 2011
07/11
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the deficit has been accumulating in fact ballooning through the previous administration and here we are today with the radical right. i don't say all republicans because i don't believe this character rises all republicans. there are some on that radical fringe who seem to be in charge or driving the agenda in the congress right now and they are making the possibility of a balanced solution very very difficult. i'm hopeful and i think most americans are, as citizens, i say this as a citizen, not just as governor, that a balanced break through will come in the end and soon. >> president obama obviously inherited by common consent a big hospital pass in terms of the state of the economy, not just in america but around the world, very very tough to pull out of any kind of rapid way. having said that, as we head towards another election year, there will be critics and you will have heard them, that say you can't keep blaming the republicans for what you inherited. president obama, under his administration, the jobless figures are still terrible, 9.2% of americans are out of work. do you
the deficit has been accumulating in fact ballooning through the previous administration and here we are today with the radical right. i don't say all republicans because i don't believe this character rises all republicans. there are some on that radical fringe who seem to be in charge or driving the agenda in the congress right now and they are making the possibility of a balanced solution very very difficult. i'm hopeful and i think most americans are, as citizens, i say this as a citizen,...
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Nov 10, 2012
11/12
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the responsibility for reducing deficits by means of generating more revenues? >> one of the problems, of course, if you do raise taxes, a lot of americans who would then be brought into the bracket are small business owners and they are concerned, quite naturally, that that may slow down their ability to grow and to create jobs. >> well, that's simply not the case. i mean, first of all, we're talking about only income in excess of $250,000. we're only talking, therefore, about 2% of small business owners, and only about their incomes in excess of $25,000. if we talk about the clinton tax rates, we had a very good economy in the clinton years. the rising tide lifts all boats, including small businesses that might be hit by the clinton era taxes, instead of the current taxes, so -- there's a more basic issue here, piers. the rich do not generate jobs, they are not job creators. the job creators in america are the vast middle class whose spending generate jobs because businesses that have more business will generate more jobs. businesses with more customers will e
the responsibility for reducing deficits by means of generating more revenues? >> one of the problems, of course, if you do raise taxes, a lot of americans who would then be brought into the bracket are small business owners and they are concerned, quite naturally, that that may slow down their ability to grow and to create jobs. >> well, that's simply not the case. i mean, first of all, we're talking about only income in excess of $250,000. we're only talking, therefore, about 2%...
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Jul 12, 2011
07/11
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you don't treat a family doesn't run up a deficit. a certain deficit is good for a government. the silliness about how we have to be super kind to the rich because they're the job creators. which is b.s. also. and that sometimes you have to, even when you have a debt, spend more money to get the economy going again. >> piers: i agree that on one level, the criticism that seems most accurate to me is he can be dissident in decision making. that hasn't helped america get out of the economic strife. when you think he's dissident, he comes out with the stunning strike with the navy s.e.a.l.s. >> that's the low hanging fruit. it doesn't cost anything. everyone wanted to see it done. >> piers: if it had gone wrong, it could have cost him the election. >> he's got a pair on him. the editor that got the most reaction is when i said it would be a shame if four years of democratic rule came to an end without trying democratic policies. that's the problem i think all progressives have. is that a democrat gets in and we don't attempt democratic policy. >> piers: what does that mean? >> sto
you don't treat a family doesn't run up a deficit. a certain deficit is good for a government. the silliness about how we have to be super kind to the rich because they're the job creators. which is b.s. also. and that sometimes you have to, even when you have a debt, spend more money to get the economy going again. >> piers: i agree that on one level, the criticism that seems most accurate to me is he can be dissident in decision making. that hasn't helped america get out of the economic...
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Jul 29, 2011
07/11
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to we need to have a mechanism in place that ensures we make another run at serious deficit reduction and make sure we aren't having this exact same fight five months from now over the christmas holidays. that's easy to do if the republicans are ready to move in the right direction. what we've known from the very beginning, anything that got out of the house of representatives was going to need democratic and republican votes. so once we're done with today's partisan exercise hopefully we can get this done. the clock is ticking but there's still time. >> what are the armageddon options here for the president? because you've publicly ruled out from the white house deploying the 14th amendment. would you consider a veto? where are we going here? because something has to happen, doesn't it? >> well, the only thing that can break this impasse this stalemate as the president talked about on monday night is compromise. that is how this problem has been solved for 50 years. it's how it was solved the last six times that speaker boehner voted for a debt limit increase it's what we need to do
to we need to have a mechanism in place that ensures we make another run at serious deficit reduction and make sure we aren't having this exact same fight five months from now over the christmas holidays. that's easy to do if the republicans are ready to move in the right direction. what we've known from the very beginning, anything that got out of the house of representatives was going to need democratic and republican votes. so once we're done with today's partisan exercise hopefully we can...
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Oct 18, 2012
10/12
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but the other thing that he brought was the specific plan to cut the deficit. we can stave off of the stuff. tell me what you are going to cut and are you going to end interest or the mortgage deduction. give us the specifics of your plan. obama has been forced to do that. he has showed us the specifics. >> give us one line that you would give the president. again, i would never advise the president of the united states. he is darn good on his own. i want to continue to see what i saw before. a strong president that is going to look in the camera and continue to tell it like it is. our president is going to do great. the job now is going to turn out the operations on the ground. it was a pleasure. >> big news. coming up. mitt romney's lieutenant governor. why she says his binders for the women is no big deal. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? whatever your business challenge, dell has the technology and services to help you solve it. >>> joining me another woman, kerry healey. welcome. >> t
but the other thing that he brought was the specific plan to cut the deficit. we can stave off of the stuff. tell me what you are going to cut and are you going to end interest or the mortgage deduction. give us the specifics of your plan. obama has been forced to do that. he has showed us the specifics. >> give us one line that you would give the president. again, i would never advise the president of the united states. he is darn good on his own. i want to continue to see what i saw...
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Sep 9, 2011
09/11
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so we can reduce this deficit, pay down our debt, and pay for this jobs plan in the process. but, in order to do this, we have to decide what our priorities are. we have to ask ourselves, what's the best way to grow the economy and create jobs? should we keep tax loopholes for oil companies? or should we use that money to give small business owners a tax credit when they hire new workers? because we can't afford to do both. should we keep tax breaks for millionaires and billionaires? or should we put teachers back to work so our kids can graduate ready for college and good jobs? right now we can't afford to do both. this isn't political grandstanding. this isn't class warfare. this is simple math. this is simple math. these are real choices. these are real choices that we've got to make, and i'm pretty sure i know what most americans would choose, it's not even close. and it's time for us to do what's right for our future. now, the american jobs act answers the urgent need to create jobs right away, but we can't stop there. as i've argued since i ran for this office, we have
so we can reduce this deficit, pay down our debt, and pay for this jobs plan in the process. but, in order to do this, we have to decide what our priorities are. we have to ask ourselves, what's the best way to grow the economy and create jobs? should we keep tax loopholes for oil companies? or should we use that money to give small business owners a tax credit when they hire new workers? because we can't afford to do both. should we keep tax breaks for millionaires and billionaires? or should...
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Nov 28, 2012
11/12
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we do have a huge budget deficit. i don't think taxes should be increased on the middle class but we have an almost record percentage of total national income going to the wealthiest 1% of americans. i don't see why they should be let off the hook. why shouldn't they pay their fair share? they are paying a lower tax rate today and effective -- >> that doesn't solve the problem. >> -- in about 80 years and it will help solve the problem because that means more revenues into government. almost everybody, everybody who has looked at this issue, common sense party people, will say that you've got to have some balance between spending cuts and tax increases, particularly on the wealthy. i don't see what the problem is. we had a tax increase on the wealthy in the clinton administration, the economy did tremendously well. we had a tax cut particularly on the wealthy in the bush administration, the george w. bush administration, and very few jobs were created and the median wage started to drop, and that ended in the great re
we do have a huge budget deficit. i don't think taxes should be increased on the middle class but we have an almost record percentage of total national income going to the wealthiest 1% of americans. i don't see why they should be let off the hook. why shouldn't they pay their fair share? they are paying a lower tax rate today and effective -- >> that doesn't solve the problem. >> -- in about 80 years and it will help solve the problem because that means more revenues into...
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Jul 21, 2011
07/11
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this is not the part to be talking about deficit reduction. again, i'm not the only person to say that. show me examples in history where deficit reduction leads to more job. >> would you raise taxes right now to increase revenue? >> i think raising taxes is an option, number one. >> cut spending at the same time? >> i think there are places to cut spending, but we're not cutting it in the right places, number one. number two, you can raise taxes on the right group of americans. number three, i think you can close a whole lot of corporate loopholes. it's tragic for me that mr. emil is head of the economic commission and he heads a company that paid not is cent. i paid more taxes than ge paid. >> what you're really saying is that president obama has not looked after the poor in the way that perhaps he promised it. and he has kind of back scratched the rich and hasn't done nearly enough to be punitive with them. ironically given so many of these people, the bankers and so on, were the ones who got us in the mess. would you like him to go after t
this is not the part to be talking about deficit reduction. again, i'm not the only person to say that. show me examples in history where deficit reduction leads to more job. >> would you raise taxes right now to increase revenue? >> i think raising taxes is an option, number one. >> cut spending at the same time? >> i think there are places to cut spending, but we're not cutting it in the right places, number one. number two, you can raise taxes on the right group of...
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Nov 29, 2012
11/12
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we need to be creating jobs, not trying to cut the deficit. there is a time for that. we need jobs. >> tavis, good to see you, and you have a very famous voice. you were just on -- >> well, it is not that english thing you have, though. >> obviously, mine is much more. >> and coming up, something with a memorable voice, a lottery queen herself. we'll talk powerball. she has the name millions know and love, please reveal your name to us. >> i am yolanda vega. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hyb
we need to be creating jobs, not trying to cut the deficit. there is a time for that. we need jobs. >> tavis, good to see you, and you have a very famous voice. you were just on -- >> well, it is not that english thing you have, though. >> obviously, mine is much more. >> and coming up, something with a memorable voice, a lottery queen herself. we'll talk powerball. she has the name millions know and love, please reveal your name to us. >> i am yolanda vega. but,...
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Aug 16, 2012
08/12
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trillion dollar deficits as far as the eye can see. more spending and no recovery. if that's his plan, he's in big trouble. >> that's not at all -- i mean i understand that's how you want to characterize it. his plan was never put up for a vote. it was a gop written caricature of his plan that was put up for a vote. >> can we vote on his plan tomorrow in the house and senate? that would be nice. >> the plan would stabilize debt before the end of the decade. here's the main difference between the president's plan and the ryan plan. the president's plan asks people who can afford it to pay more to help pay down the debt, help stabilize the debt. the ryan plan asks those people to take more tax cuts. have more tax cuts and please create some jobs for us. it doesn't work. >> i'm going to wrap it up. grover, out of the kindness of my heart, you can have ten seconds to finish this out. >> what obama did was change the rules. his old argument was no tax increases on those that earned less than $250,000. he changed that. no income tax increases on anyone that earns less tha
trillion dollar deficits as far as the eye can see. more spending and no recovery. if that's his plan, he's in big trouble. >> that's not at all -- i mean i understand that's how you want to characterize it. his plan was never put up for a vote. it was a gop written caricature of his plan that was put up for a vote. >> can we vote on his plan tomorrow in the house and senate? that would be nice. >> the plan would stabilize debt before the end of the decade. here's the main...
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Aug 16, 2012
08/12
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he said he was going to cut the deficit in his first term. i've seen zero interest in reducing spending. he inherited a bad situation, but he made it worse. i think he's a great person. i don't feel he is the right leader for our country, though. i still believe in hope and change, i just don't think obama's the way to go for that. the president has not earned re -election, in 2012, in my book. i've seen his now definition of hope and change. it's not the hope and change i want, and it's not the hope and change i thought i was going to get. i don't feel that i helped my grandchildren by voting for president obama and i regret that. americans for prosperity is responsible for the content of this advertising. by what's getting done. measure commitment the twenty billion dollars bp committed has helped fund economic and environmental recovery. long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last y
he said he was going to cut the deficit in his first term. i've seen zero interest in reducing spending. he inherited a bad situation, but he made it worse. i think he's a great person. i don't feel he is the right leader for our country, though. i still believe in hope and change, i just don't think obama's the way to go for that. the president has not earned re -election, in 2012, in my book. i've seen his now definition of hope and change. it's not the hope and change i want, and it's not...
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Jul 29, 2011
07/11
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deficits been growing since time ago. but it's accelerating. and i think it's a very dangerous place what is going on today here in the united states. and i would ask anybody that is involved to find out a solution. because if not, only going to work against the u.s. economy. it will with the rest of the world. and i think that this moment just coming out of that other mammoth crisis that was also created in this nation, the world doesn't deserve this to be repeated. >> why has the world's number one superpower got itself into such a terrible mess financially? >> well, it's incredible. because people are not thinking on the future. people is thinking on today. so the savings rate of this nation is very poor. in exchange, the consumption rate is incredible. so people and specifically government doesn't seem to be thinking about the next generation. and i think they deserve this nation to be much more careful than just out to spend itself. and when we have this huge challenge coming from asia, this transfer of this ship from the west to the east,
deficits been growing since time ago. but it's accelerating. and i think it's a very dangerous place what is going on today here in the united states. and i would ask anybody that is involved to find out a solution. because if not, only going to work against the u.s. economy. it will with the rest of the world. and i think that this moment just coming out of that other mammoth crisis that was also created in this nation, the world doesn't deserve this to be repeated. >> why has the...
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Jul 22, 2011
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president of the united states, obama, to reach a conclusion as swiftly as possible because the budget deficit in the united states and the cumulative debt and the raising of the debt ceiling, it does not only impact the u.s. economy but also impacts the whole world economies. so it's very important for the u.s. congress, represented by the senate and house of representatives, and by president obama to come close together and to finish an agreement as soon as possible. frankly speaking, the so-called gang of six should be expanded to represent all the houses members and the senate's members and reach a conclusion as
president of the united states, obama, to reach a conclusion as swiftly as possible because the budget deficit in the united states and the cumulative debt and the raising of the debt ceiling, it does not only impact the u.s. economy but also impacts the whole world economies. so it's very important for the u.s. congress, represented by the senate and house of representatives, and by president obama to come close together and to finish an agreement as soon as possible. frankly speaking, the...
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Jul 28, 2011
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it should do a down payment on the deficit. it should make -- it should bring us back a second time to deal with our long-term tax reform and entitlement challenges to bring the deficit down. and it should take away the specter of default from our economy and from our budget battles. and that means not only getting past this period but not kicking the can down the road six months from now so that the specter of default of the united states government for the first time in our history hangs like a heavy cloud over this economy at this vital time. >> how big a problem is the split in the republican party? and the reason i ask you that is that senator mccain has come out very strongly and angrily today lambasting those on the tea party side of the gop saying that their demands of balancing the budget and so on are completely fanciful. he calls them hobbits. clearly there's a split there amongst some republicans, but is that helpful or a hindrance to trying to get a deal here? >> look, i think the leaders have set terms that i thin
it should do a down payment on the deficit. it should make -- it should bring us back a second time to deal with our long-term tax reform and entitlement challenges to bring the deficit down. and it should take away the specter of default from our economy and from our budget battles. and that means not only getting past this period but not kicking the can down the road six months from now so that the specter of default of the united states government for the first time in our history hangs like...
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Sep 7, 2012
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deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations and call us in the morning. [ cheers a applause ] now, i've cut taxes for those who need it. middle-class families, small businesses. but i don't believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of china. after all we've been through, i don't believe that rolling back regulations on wall street will help the small businesswoman expand or the laid-off construction worker keep his home. we have been there. and we're not going back. we are moving forward, america. [ cheers and applause ] now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell you what you wanted to hear. you elected me to tell you the truth. and the truth is, it will take more than a few years for us to
deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations and call us in the morning. [ cheers a applause ] now, i've cut taxes for those who need it. middle-class families, small businesses. but i don't believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit. i don't believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists...
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Sep 20, 2011
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today president obama billed a 3 trillionplan to cut the deficit. reduce spending in iraq and afghanistan and higher taxes on the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math. but the reality is it is class warfare. the rich are a class and he's going after them. >> it's the opposite. the president is asking for balance, for shared sacrifice. he's asking for everybody to contribute and getting our long-term deficit down. he wants a plan that will be strong and powerful. the american jobs act. but we come to fiscal discipline, we all have to be in this together. when the president put out as a principle that those who make over a million or 10 million shouldn't be paying lower taxes than middle class teachers, firemen, construction
today president obama billed a 3 trillionplan to cut the deficit. reduce spending in iraq and afghanistan and higher taxes on the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math....
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Sep 1, 2012
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you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any country in the developed world. we already pay -- 1% of the people get 20% of the income and pay 30% of the taxes. at what point do you say, okay, you've given enough? we need to grow the economy and then deal with these out year spending costs that are unacceptable and unsustainable. tax reform provides the catalyst i think for common ground to make this happen in a divided country. look, i just -- you know, i love my country and i see decline in the future. unless we begin to solve these problems. if we can't solve it by having 60 republican senators and a majority in the congress
you can begin to see a reduction in the deficit. you're not going to reduce the debt. and may even more if we can't grow the economy. so the job number one is grow the economy. if you grew it 3 1/2% per year, that would require substantial changes in policy but it could be done, you would garner more than enough revenue. it would change the whole debate. about whether you're saying people of high income need to pay more taxes. even though higher income people now we have the highest of any...
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Mar 25, 2012
03/12
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>> we need to get our debt and deficit under control. >> other than that? >> no, that's the key. >> assuming you do that, what else do you do to maintain america's greatness in the world. >> create jobs and create an environment for jobs. i have a crowd funding bill. it is a mechanism where you can give people up to $1,000, a million dollar total to avoid sec filings and using that as seed money to move forward to create a new set of financing for startup businesses. that's where the jobs are. >> what about my constant nagging problem with a company like apple who sell 3 million new ipads in one day apparently last week with. and yet they still employ massively large sums of people in china than they do in america. why argument is why don't they bring 10% of the work force from china back to america. take the hit. i reckon they sell 4 million ipads next time. >> from the president from apple on. >> what do you think. >> i think you need to make america competitive again. >> shouldn't it be the successful company s -- >> there's a lack of stability. people a
>> we need to get our debt and deficit under control. >> other than that? >> no, that's the key. >> assuming you do that, what else do you do to maintain america's greatness in the world. >> create jobs and create an environment for jobs. i have a crowd funding bill. it is a mechanism where you can give people up to $1,000, a million dollar total to avoid sec filings and using that as seed money to move forward to create a new set of financing for startup...
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Sep 9, 2011
09/11
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the american jobs act will not add to the deficit. it will be paid for, and here's how. the agreement we passed in july will cut government spending by about $1 trillion over the next ten years. it also charges this congress to come up with an digital $1.5 trillion in savings by christmas. tonight i am asking you to increase that amount so that it covers the full cost of the americans job act and a week from monday i'll be releasing a more ambitious deficit plan, a plan that will not only cover the cost of this jobs bill but stabilize our debt in the long run. here's the truth. millions of americans rely on medicare in their retirement, and millions more will do so in the future. they pay for this benefit during their working years. they earn it, but with an aging population an rising health care costs we are spending too fast to sustain the program. i don't pretend that this plan will solve all our problems. it should not be nor will it be the last plan of action we propose. what's guided us from the start of this crisis hasn't been the search for a silver bullet. it's
the american jobs act will not add to the deficit. it will be paid for, and here's how. the agreement we passed in july will cut government spending by about $1 trillion over the next ten years. it also charges this congress to come up with an digital $1.5 trillion in savings by christmas. tonight i am asking you to increase that amount so that it covers the full cost of the americans job act and a week from monday i'll be releasing a more ambitious deficit plan, a plan that will not only cover...